- USDTHB: moving in the range 33.315 – 33.345 this morning, supportive level at 33.15 resistance level at 33.45
- SET Index: 1,584.15 (+0.05%), 18 Sep 2026
- S&P 500 Index: 7,650.50 (+0.17%), 18 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.298 (-6.32 bps), 18 Sep 2026
- US 10-year treasury yield: 5.01 (+7.00 bps), 18 Sep 2026
- Crude prices retreat as markets focus on Iran de-escalation
- ECB survey shows broad rise in consumer inflation expectations
- BoJ hikes rates but sticks to cautious normalization path
- China keeps lending rates steady as easing scope narrows
- Fitch revises Thailand’s outlook to stable, affirms BBB+ rating
- Dollar remains supported by hawkish Fed outlook
Crude prices retreat as markets focus on Iran de-escalation
Crude oil prices continued to retreat from earlier-week highs as the pace of escalation in the Gulf appeared to ease. Markets largely shrugged off fresh UKMTO reports and instead focused on prospects for de-escalation, after President Trump said he was at a “critical juncture” over Iran and Tehran reportedly conveyed conditions for reopening the Strait of Hormuz through intermediaries.
ECB survey shows broad rise in consumer inflation expectations
Eurozone consumer inflation expectations rose in August, likely reflecting higher fuel prices amid the escalating Iran conflict. One-year expectations increased to 3.0% from 2.9%, while three-year expectations climbed to 2.9% from 2.7% and five-year expectations edged up to 2.5% from 2.4%.
BoJ hikes rates but sticks to cautious normalization path
The BoJ raised rates by 25bps to 1.25% as expected in a 7–2 vote, while reiterating that further hikes will depend on economic, inflation and financial conditions. However, the two dovish dissents and Governor Ueda’s press conference softened the hawkish signal, as he stressed that monetary conditions would remain accommodative and gave no indication of accelerating the pace of tightening. Overall, despite acknowledging that underlying inflation is approaching 2%, the BoJ maintained a gradual tightening stance, leaving the decision with a dovish tilt.
China keeps lending rates steady as easing scope narrows
China kept its benchmark lending rates unchanged for a 16th consecutive month, with the 1-year LPR at 3.00% and the 5-year LPR at 3.50%, in line with expectations. While weak domestic demand remains a concern, expectations for broad-based easing have diminished, with further rate cuts likely requiring a more significant deterioration in growth.
Fitch revises Thailand’s outlook to stable, affirms BBB+ rating
Fitch revised Thailand’s sovereign rating outlook to Stable from Negative, while affirming its BBB+ rating, reflecting reduced political uncertainty, greater policy continuity and continued commitment to fiscal consolidation.
Dollar remains supported by hawkish Fed outlook
The 10-year government bond yield (interpolated) on the previous trading day was 2.298, -6.32 bps. The benchmark government bond yield (LB365A) was 2.24, -7.00 bps. Meantime, the latest closed US 10-year bond yields was 5.01, +7.0 bps. USDTHB on the previous trading day closed around 33.27, moving in a range of 33.315 – 33.345 this morning. USDTHB could be closed between 33.15 – 33.45 today. The dollar is modestly firmer this morning, trading in a narrow 100.19–100.38 range and remaining close to post-FOMC highs, supported by higher energy prices and growing expectations of further Fed hikes this year. The Japanese yen underperformed after the BoJ’s expected 25bps hike, as two dovish dissents and the lack of guidance toward faster tightening weighed on the yen. Meanwhile, the euro edged up as hawkish ECB comments supported expectations for further tightening, although economists largely expect the next hike in December.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
